Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 125,500 cases at a budgeted price of $60 per case this year. The standard direct cost sheet for one case of pet food follows:

Direct materials	(3 pounds @ $2)	$ 6
Direct labor	(0.25 hours @ $32)	8

Variable overhead is applied based on direct labor-hours. The variable overhead rate is $16 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $10 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2 million for the coming year.

At the end of the year, the costs analyst reported that the sales activity variance for the year was $336,000 favorable.

The following is the actual income statement (in thousands of dollars) for the year for Golden Food Products:

Sales revenue	$ 13,300
Less variable costs
Direct materials	822
Direct labor	1,014
Variable overhead	537
Total variable costs	$ 2,373
Contribution margin	$ 10,927
Less fixed costs
Fixed manufacturing overhead	1,955
Nonmanufacturing costs	2,136
Total fixed costs	$ 4,091
Operating profit	$ 6,836

During the year, the company purchased 325,500 pounds of material and employed 34,040 hours of direct labor.

Required:

Compute the direct materials price and efficiency variances.

Compute the direct labor price and efficiency variances.

Compute the variable overhead price and efficiency variances.

Note: For all requirements, enter your answers in whole dollars. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.

a. Direct materials: \begin{tabular}{l|l|l} \hline Price variance & & U \\ \hline Efficiency variance & & \\ \hline b. Direct labor: & F \\ \hline Price variance & F \\ \hline Efficiency variance & \\ \hline c. Variable overhead: & U \\ \hline Price variance & F \\ \hline Efficiency variance & & \\ \hline \end{tabular}